Ideal Property Group signed an agreement with AmBank Group on Tuesday (May 2) to provide high loan-to-value special financing packages to end-buyers of Penang Technology Park in Bertam.
The 880-acre sustainable industrial park development, which is partly financed by AmBank, comes with solar energy specialist services for all factory buildings and incorporates a rainwater and waste water management system.
Ideal Property Group Executive Chairman Tan Sri Alex Ooi Kee Liang said: “Ideal Property Group is committed to creating exceptional spaces that meet the needs and exceeds the expectations of our customers.
“Penang Technology Park @ Bertam is a testament to our unwavering commitment to excellence, innovation and sustainability. This partnership with AmBank helps us achieve our shared goal of driving economic growth and promote sustainable development in the region,” Ooi said.
Representing AmBank, the Group’s Managing Director (Business Banking) Christopher Yap said: “It is an honour to support this project by Ideal Property Group, as they have an impeccable track record of being one of Penang’s established developers. We are also excited to be the first bank to provide this distinctive end-financing package to Ideal Property Group’s customers, as more companies are looking to achieve resource efficiency and adopt sustainable business practices”.
This collaboration aligns with AmBank’s focus on environmental, social and governance (ESG) initiatives and demonstrates its commitment to promoting sustainable development and responsible investment practices.
